Chegg: Revenue Beat, Subscriber Loss
(NYSE:CHGG), a provider of educational technology and services, released its Q4 2024 earnings on Feb. 24, 2025. The report highlights a period of transition, with revenue slightly beating analyst expectations but falling short of last year's results. Diluted Non-GAAP Earnings Per Share (EPS) stood at $0.17, aligning with the $0.17 forecast. Revenue at $143.5 million outpaced the $142 million expectation, yet this was a 24% year-over-year decline from $188 million in Q4 2023. Despite the downturn, the quarter showed signs of potential stabilization with strategic shifts in AI integration.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-12 earnings report.
Founded with the mission to offer educational support, Chegg provides students a suite of tools ranging from online textbooks to AI-powered study aids. Its subscription services, such as Chegg Study Pack, Writing, and Math, underpin its revenue model. Recently, Chegg shifted focus toward integrating artificial intelligence (AI) into its offerings, aiming to enhance personalized learning experiences and user engagement through technology like GPT and Anthropic models.
Source Fool.com
